Navitas Semiconductor Corp — Director's Dealing 2021

Oct 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Navitas Semiconductor Corp (NVTS)
CIK: 0001821769
Period of Report: 2021-10-19

Reporting Person: Sheridan Eugene (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-19	Common Stock	A	3076044	—	Acquired	3076044	Indirect
2021-10-19	Common Stock	A	2736000	—	Acquired	2736000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-19	Stock Option (Right to Buy)	$0.19	A	1994544	Acquired	2028-03-27	Common Stock (1994544)	Direct

Footnotes

F1: Received in exchange for 2,810,713 shares of Navitas Semiconductor Limited, Inc. ("Navitas Semiconductor") in connection with the merger of Navitas Semiconductor into Navitas Semiconductor Corporation (the "Company") pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38

F2: The Eugene and Melissa Sheridan Trust ("Eugene and Melissa Trust") is affiliated with Mr. Sheridan and the shares received by Eugene and Melissa Trust are beneficially owned by Mr. Sheridan, who is the Trustee.

F3: Received in exchange for 2,500,000 Restricted Stock Units of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into the Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These RSUs are unvested and will fully vest on August 25, 2024

F4: Received in exchange for stock options to acquire 1,822,500 shares of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These stock options are partially vested and will fully vest on November 16, 2021.